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Posted on Nov 23, 09:46PM | IANS
Brazil's former president Luiz Inacio "Lula" da Silva Friday said his country can be a partner in India's infrastructure and renewable energy resources development.
The two countries, he said, could work out strategies and partnerships that would not only bring in economic benefits but also provide substantial impetus for growth in their respective regions.
Besides business and trade collaborations, Brazil can help India in skills development and poverty alleviation.
Lula, who played a fundamental role in Brazil's transition to a modern economy and forging South-South cooperation and turning IBSA grouping into a force to reckon with, was addressing Indian industrialists here at a session organized by the Confederation of Indian Industry (CII).
Trade between India and Brazil, part of the BRICS group of emerging economies, is growing at 35 percent per year despite the economic slowdown. The volume of bilateral trade crossed USD10 billion in 2011-12.